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Nautilus Inc. Message Board

  • successful_01 successful_01 Jul 31, 2003 1:58 PM Flag

    Stock Buyback

    I wouldn't be surprised to see NLS get more aggressive with share buybacks in the next several weeks. For just $15 million (out of their $60 cash on the balance sheet) they could buy back about 1.25 million shares (@ $12) or about 4% of the float. I would expect them to announce soon that the board has authorized a continuation of the buyback program authorized for the 1st half of 2003. This coupled with the continued dividend payments is going to put huge pressure on the shorts to cover�IMO.

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    • I wouldn't be surprised to see covering *pressure* on shorts. But I think the remaining shorts are "gamblin' men" who don't care what's really going on. Many of them, in my estimation, will cover only if the stock price rises enough that they can't meet their margin requirements.

      I think we will go through many more months of denial while shorts try to hold back the tide with their spoons and rakes.

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